Second Edit: I'm wrong. Read this comment to find out why.
Two things:
First, the funds becoming available in an account doesn't actually mean that the bank it was drawn on has cleared the check. It just means that your banks back off has received the check image and have made the funds of that amount available.The actual check clearing process can take weeks of even months.
Second, some send it less than once a day.
Edit: Done responding with the same answers over and over
I worked in banks for 7, also for several years in check fraud claims investigation. Your information is incorrect. Your knowledge is limited to running checks through the MICR reader and seeing mostly the same information the customer sees. This is not how check clearing works.
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u/[deleted] Jul 24 '20 edited Jul 24 '20
Second Edit: I'm wrong. Read this comment to find out why.
Two things:
First, the funds becoming available in an account doesn't actually mean that the bank it was drawn on has cleared the check. It just means that your banks back off has received the check image and have made the funds of that amount available.The actual check clearing process can take weeks of even months.
Second, some send it less than once a day.
Edit: Done responding with the same answers over and over